southern star

I thought this might interest you.

It relates to the lease just to the West of the Ray 3 well.

It was owned by Element Petroleum but was obviously sold to Linn at some point early this year.

This is the lease where Antares reported high production numbers and decided to drill the Ray 3 well immediately afterwards.

Now it looks to me on my investigations that the production numbers I'm about to post from the Texas RRC website maybe from 2 wells rather than one but are never the less very impressive indeed.

Even if they are from 2 wells on Antares well economics you'd be looking at an EUR of 440,000 boe. The decline curve Antares uses is similar to that of an Eagleford well, so 20%+ of total production in the 1st year.

Loundamy 45 lease

March 2,276 BO 2,640 MCFG
April 14,828 BO 30,948 MCFG
May 13,664 BO 35,404 MCFG
June 7,927 BO 22,365 MCFG
July 6,405 BO 14,198 MCFG
August 8,825 BO 19,839 MCFG
Sept 9,957 BO 6,030 MCFG
October 8,734 BO 16,098 MCFG

Total oil 72,616 plus 147.522 MMCFG in under 8 months, which is 97,000 boe on a simple 6:1 basis

Impressive or what

Maybe Antares needs to try drilling deep wells to the north of the lease rather than to the east, hopefully some of this very productive area goes onto our leases.

LOTM